Equity Residential (EQR) to Release Quarterly Earnings on Monday

Equity Residential (NYSE:EQR - Get Free Report) is projected to issue its quarterly earnings data after the market closes on Monday, February 3rd. Analysts expect the company to announce earnings of $1.00 per share and revenue of $754,984.34 billion for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.

Equity Residential Stock Up 2.8 %

NYSE EQR traded up $1.91 during mid-day trading on Monday, hitting $70.16. The company's stock had a trading volume of 1,527,401 shares, compared to its average volume of 1,603,934. The firm has a market capitalization of $26.62 billion, a price-to-earnings ratio of 28.75, a PEG ratio of 5.36 and a beta of 0.93. The company's 50 day simple moving average is $72.00 and its 200 day simple moving average is $72.65. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.76. Equity Residential has a twelve month low of $57.33 and a twelve month high of $78.83.

Equity Residential Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd were paid a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date of this dividend was Thursday, January 2nd. Equity Residential's dividend payout ratio (DPR) is 110.66%.

Wall Street Analysts Forecast Growth

EQR has been the topic of a number of analyst reports. Barclays lowered their target price on shares of Equity Residential from $83.00 to $79.00 and set an "overweight" rating on the stock in a report on Friday. StockNews.com upgraded Equity Residential from a "sell" rating to a "hold" rating in a report on Monday, January 13th. Royal Bank of Canada decreased their price target on Equity Residential from $83.00 to $79.00 and set an "outperform" rating for the company in a report on Friday, November 1st. Wells Fargo & Company lowered their price target on Equity Residential from $77.00 to $75.00 and set an "equal weight" rating for the company in a research report on Friday. Finally, Scotiabank cut their price objective on shares of Equity Residential from $81.00 to $78.00 and set a "sector perform" rating on the stock in a report on Thursday, November 14th. Eleven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $78.36.

About Equity Residential

Equity Residential is committed to creating communities where people thrive. The Company, a member of the S&P 500, is focused on the acquisition, development and management of residential properties located in and around dynamic cities that attract affluent long-term renters. Equity Residential owns or has investments in 305 properties consisting of 80,683 apartment units, with an established presence in Boston, New York, Washington, DC, Seattle, San Francisco and Southern California, and an expanding presence in Denver, Atlanta, Dallas/Ft.